EU And UK Reach An Agreement On "Brexit"! Capital Market "Surge"

On the 17 day of the local time, the European Commission and the British government reached an agreement on Britain's departure from Europe. However, the agreement must be approved by the European Parliament and the British Parliament separately. Affected by this news, European stocks rose short, as of Beijing time 20 points, the British FTSE 100 index rose 0.58%.

European Commission Chairman Juncker and British Prime Minister Boris Johnson released the news almost simultaneously on social media, saying that the new agreement is fair and provides a new solution to solve the problem. Baniya, the EU's chief European negotiator, said the new agreement could prevent Ireland from having a hard border on the concerns of the British and Irish border issues.

EU's chief European negotiator Michel Baniya: we have two unanimous goals. First, the legal and effective solution is incorporated into the de European Agreement to avoid a rigid border between Ireland and Northern Ireland. Secondly, for prime minister Johnson and the United Kingdom, the most important point is that Northern Ireland remains in the British customs union.

The capital market also quickly responded to the euro agreement. On Thursday, the pound surged to more than 60 points against the US dollar, the highest refresh to 1.29, and the pound rose sharply to other major currencies.

ETX capital senior analyst Michael Beck: therefore, optimistic views may affect many members of Parliament to pass the agreement, but people will still pay attention to the key difference between Teresa May and Boris Johnson's agreement. We will also see the further movement of the pound.

The new EU agreement still needs approval from the legislature to take effect. The main political parties in the British Parliament have expressed their opposition to the new agreement. Corbin, the leader of the labor party, called on lawmakers to reject the euro agreement. Corbin said the agreement would not unite the country and should be rejected, adding that the best way to get Britain out of Europe is to give the people the final say in the referendum. The Democratic Unification Party of Northern Ireland also said it would not support the new agreement.